Core Insights - UBS Group AG is increasing payouts for its wealth advisers in the US to attract and retain talent amid competitive pressures [2][3] Compensation Changes - UBS will implement changes to adviser compensation starting January 1, which include raising rewards for several thousand wealth advisers in the US [2] - A new compensation tier has been created for top advisers generating over $20 million in revenue, with UBS paying out 60% of the business generated [4][6] - The bank is increasing cash payouts for advisers generating between $3 million and $4 million, and increasing the pay rate for those generating between $1 million and $3 million [6] Business Strategy - The changes come in response to reports of departures among UBS-affiliated wealth advisers, with some moving to rival firms [2] - UBS has faced challenges in expanding its wealth management business in the US, which has the highest cost-to-revenue ratio among its global operations [3] - The new compensation structure also considers length of service, rewarding brokers for their loyalty, and focuses on net new money, return on assets, and new client relationships [5]

Group 1 - UBS Wealth Management predicts gold prices may rise further, potentially reaching $3,900 per ounce by mid-2026, driven by declining real interest rates, a weaker dollar, and strong investment demand amid geopolitical risks [1] - The firm expects the Federal Reserve to lower rates by an additional 75 basis points before Q1 2026, while the U.S. economy is not anticipated to enter a recession [1] - In Asia, additional monetary and fiscal support measures are being implemented, with expectations of a stronger Asian currency due to the rebound of the renminbi and exporters converting significant dollar revenues back to local currency [1] Group 2 - UBS believes the Chinese stock market has not yet peaked, with significant household savings expected to flow into the market, leading to potential revaluation in sectors like robotics, making Chinese tech stocks a preferred choice [2]

格隆汇9月24日｜瑞银财富管理亚太区投资总监办公室指，预计全球有关AI领域的支出将在2025年同比 增长67%，达到3750亿美元，2026年增至5000亿美元，2030年将达到9600亿美元。考虑到当前美国政府 对经济增长与支援企业发展的政策导向，尽管市场上已出现多项高调的战略联盟与合作，该行预期反垄 断审查仍将相对有限。 瑞银表示，对AI结构性增长趋势保持高度信心，建议投资者考虑在半导体、软件及互联网行业中采取 均衡布局。尽管估值已上升，该行认为短期内若出现市场回调，将为长期投资者提供良好入场机会。 ...

导读：场长达十余年的法律拉锯战，最终以瑞银掏出8.35亿欧元画上句号，而这仅相当于该银行今年上 半年净利润的五分之一。 【文/羽扇观金工作室 王力】 瑞银集团（UBS Group）周二（9月23日）宣布，已就法国税务调查达成和解，同意支付8.35亿欧元（约 9.85亿美元）的罚款及赔偿金。 这笔款项包括7.3亿欧元的罚款和1.05亿欧元的民事赔偿，源于瑞银2004年至2012年间在法国帮助富裕客 户逃避税收的跨境业务活动。 经过多轮法律较量，瑞银最终以远低于原判罚金的8.35亿欧元达成了和解。 和解金额仅为上半年利润的五分之一 瑞银表示，该和解协议了结了一起长期困扰其的历史遗留问题，且相关资金已全额计提拨备，不会对当 前财务前景构成影响。 从45亿欧元到8.35亿欧元的法律拉锯战 9月23日，瑞银集团在官方网站发布公告称宣布，作为解决方案的一部分，瑞银集团同意向法国政府支 付7.3亿欧元罚款和1.05亿欧元民事损害赔偿金。 截图来自瑞银官网 该遗留案件的解决符合瑞银以所有利益相关者的最佳利益解决此类问题的意图。瑞银已为此做好充分准 备。 这起税务纠纷已持续十余年。法国法院最初于2019年裁定瑞银涉嫌非法招揽客 ...

UBS is boosting the payouts earned by its wealth advisers in the US, with the aim of retaining and hiring personnel at a time of intense competition for talent https://t.co/TW1EufnvX2 ...

Core Viewpoint - UBS is currently viewed as a better value opportunity compared to Commonwealth Bank of Australia Sponsored ADR based on various financial metrics and analyst outlooks [1][3][6] Group 1: Zacks Rank and Analyst Outlook - UBS has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while CMWAY has a Zacks Rank of 4 (Sell), suggesting a less favorable outlook [3] - The improving analyst outlook for UBS makes it a more attractive option for investors [3] Group 2: Valuation Metrics - UBS has a forward P/E ratio of 18.86, significantly lower than CMWAY's forward P/E of 26.73, indicating UBS may be undervalued [5] - UBS's PEG ratio is 0.72, while CMWAY's PEG ratio is 9.44, further suggesting UBS's better valuation relative to its expected earnings growth [5] - UBS's P/B ratio stands at 1.51 compared to CMWAY's P/B of 3.6, reinforcing UBS's superior valuation metrics [6] Group 3: Value Grades - UBS holds a Value grade of B, while CMWAY has a Value grade of D, indicating UBS's stronger position in terms of value investment criteria [6]

Market Overview - US stock index futures are all up, with Dow futures rising by 0.16%, S&P 500 futures up by 0.01%, and Nasdaq futures also up by 0.01% [1] - European indices show positive movement, with Germany's DAX up by 0.34%, UK's FTSE 100 up by 0.16%, France's CAC 40 up by 0.87%, and the Euro Stoxx 50 up by 0.63% [2][3] - WTI crude oil increased by 1.11% to $62.97 per barrel, while Brent crude oil rose by 0.89% to $67.16 per barrel [3][4] Federal Reserve and Bond Market - US Treasury bonds are on track for their first increase in five trading days, with traders anticipating signals of potential rate cuts from upcoming speeches by Federal Reserve officials [5] - The 10-year Treasury yield has decreased by 2 basis points to 4.13%, reflecting market uncertainty regarding future Fed policy [5] Investment Trends - Investors are significantly shifting towards US municipal bonds, with inflows reaching the highest level since 2007, while US stock funds saw outflows of approximately $20 billion [7] - Goldman Sachs has raised its year-end target for the S&P 500 index from 6,600 to 6,800 points, citing a more dovish Fed stance and resilient corporate earnings [6] Company News - Orsted is set to resume construction on its offshore wind project after a federal judge halted a previous shutdown order [8] - Micron Technology is expected to report strong earnings, with analysts raising their price targets significantly ahead of its quarterly report [9] - UBS has settled a long-standing tax evasion case in France for €8.35 billion, significantly lower than the initial fine of €4.5 billion [10] - Boeing is in the final stages of negotiations for a large order from China, potentially involving up to 500 aircraft [11] - Oracle has appointed dual CEOs to accelerate leadership transition amid strong growth in its cloud business [12] - Apple’s stock has rebounded significantly, driven by strong demand for the new iPhone series, prompting analysts to raise their price targets [13] - Nvidia reassured clients that its $100 billion deal with OpenAI will not affect its relationships with other customers [14]

智通财经APP获悉，瑞银(UBS.US)就协助法国公民逃税的长期法律纠纷达成和解，同意支付8.35亿欧元 罚款及赔偿金，金额不足最初处罚额的五分之一，至此该案正式落幕。 此前，瑞银已被认定存在违法违规行为：其曾秘密派遣银行工作人员赴法国，游说潜在客户将资金转移 至境外以逃避税收。此类操作与该集团此前在美国及其他地区的违规行为如出一辙。目前，瑞银仍在处 理一系列法律问题，其中包括2023年收购瑞信时遗留的相关案件。该集团表示，已为此次罚款足额计提 准备金。 在另一宗关联案件中，瑞银原法国子公司于今年3月被判定有罪。该子公司被指对两名举报者实施骚 扰，而这两名举报者此前揭露了瑞银协助法国富裕人群逃税的相关行为。 此外，今年8月，瑞银还与美国司法部达成和解，同意就瑞信涉及抵押贷款支持证券的相关案件支付3亿 美元赔偿金。值得一提的是，2023年，瑞银曾为解决自身涉及同类抵押贷款支持证券的长期法律纠纷， 向美方支付了14.4亿美元和解金。 这家瑞士银行于周二宣布，将向法国政府支付7.3亿欧元罚款及1.05亿欧元民事赔偿，以了结2004年至 2012年期间的相关指控。相较于2019年最初裁定的45亿欧元天价罚单——当时创 ...

UBS priced the perpetual note at a re-offer yield of 6.375% https://t.co/Mx2XIUfI2w ...

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Elevation Point, a minority investor in independent and breakaway advisors launched last year by former Sanctuary Wealth CEO Jim Dickson, has taken a minority stake in Loxahatchee Capital, a Tequesta, Fla.-based multi-family office with $1.4 billion in assets. The seven-member team most recently operated as the 440 Group within UBS’s private wealth management division. The team is led by Andrew P ...